Neel Kashkari, the Minneapolis Federal Reserve president, tells "Face the Nation" that "it's certainly possible" unemployment will continue to tick up and there will be some economic "cooling" over the next few weeks. "We are looking at what I call a high-pressure economy in some dimensions, but there's also some evidence that it's cooling," he said.
The drop extends a pattern where bitcoin sells off on geopolitical shocks before recovering, as the token's 24/7 liquidity makes it one of the few large assets traders can exit over the weekend....